Cybersecurity Startup Deep Algorithm Raises Rs 10.8 Cr in Seed Round

Cybersecurity and AI Startup Deep Algorithm has raised Rs 10.8 crore (around $1.25 million) in a seed funding round led by Unicorn India Ventures, with participation from angel investors. 

The startup plans to use the funds to grow the engineering and threat intelligence teams, speed up go-to-market efforts in India and Southeast Asia, build more integrations with platforms like Azure AD and Okta and improve the behavioral AI and fraud detection system.

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JP Mishra, Founder and CEO, Deep Algorithm, says, “We are solving some of the most critical and nuanced security problems in digital Identity Security and Fraud Prevention using indigenous AI. This round validates our belief that continuous authentication and behavioral intelligence will be central to the future of digital trust.”

Anil Joshi, Managing Partner, Unicorn India Ventures, says, “In our rapidly evolving and technologically advanced world, cyberattacks have become more frequent and dangerous. Furthermore, the rising demand for cybersecurity solutions is strengthening market growth thus; it has become crucial to provide comprehensive tech deliverables to businesses especially for the BFSI sector as they carry a highly sensitive nature of financial data. The core team at Deep Algorithm comprises experienced professionals with extensive industry experience in Artificial Intelligence, Cloud, Internet of Things and Robotics. We believe Deep Algorithm Solutions has been growing significantly and the funding will help the company scale its services globally.”

About Deep Algorithm

Founded in 2021 JP Mishra, Deep Algorithm is a B2B startup that offers advanced security tools like adapIDAI, an identity engine based on behavioral intelligence, and BotShield, which protects against zero-day threats, DDoS attacks, and app-level risks.

It provides continuous authentication and fraud analytics, especially for BFSI and other high-risk digital sectors.

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The Mumbai-based firm has already deployed its solutions at a top private bank, a government body, and a hospital. It holds a government patent and has filed for an international one.

Deep Algorithm is now expanding into financial hubs like Mumbai and Bengaluru, exploring partnerships in Kenya, South Africa, and the UAE, and developing a SaaS model with analytics dashboards for mid-sized clients and risk teams.